MINDACORP investors incur serious losses

MINDA CORPORATION LTD was among the worst performers today. It delivered -4.39% to close at 143.85. During the last week it delivered -4.55% and saw a maximum drawdown of -7.1% before bouncing back.

[Themes containing MINDACORP]

Buy-and-Hold investors in MINDACORP experienced a maximum drawdown of -7.96% over the last three months. It surged by +25.52% during this strong bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +7.03%.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

MINDACORP has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 17 Mar, 2017 to 28 Dec, 2017. Over the last 3 years and 1 month, MINDACORP outperformed the NIFTY-50 index on 45% days. Which indicates that on days MINDACORP outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

MINDACORP was profitable on 50% days in the last three months. During this time, it delivered on average +0.39% per day. It delivered it's best daily return of +7.52%, during this period, on Friday, 2 Nov, 2018. The longest stort-term trend during this period was 8 profitable days, which started on 29 Oct, 2018 and went on till 7 Nov, 2018. This bullish trend returned +24.85% to investors.

The last 12 months saw MINDACORP's investors making profits in 4 months and incurring losses in 8 months. MINDACORP was less consistent in delivering monthly returs than NIFTY-50 index. MINDACORP significantly outperformed NIFTY-50 index in Nov 2018, when it returned +15.25% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. MINDACORP had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -30.08%. It is interesting to note that both MINDACORP and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each.
-- Christopher Rice

MINDACORP is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant surge in MINDACORP's volatility from 23 Oct, 2018 to 29 Oct, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that MINDACORP has significant negative skewness in it's return distribution. This indicates that MINDACORP is very risky for short-term investment and can significantly underperform for long durations.

NIFTY-50 index has more chance of extreme outcomes than MINDACORP. Therefore, NIFTY-50 must receive a lower allocation than MINDACORP in your portfolio. NIFTY-50 index usually has shorter drawdown period than MINDACORP.

On a general note (since you are interested in MINDACORP), RESPONIND is a small cap that deserves to be closely tracked for investment opportunities.